Archive for July 12th, 2007

Real Estate Market

Thursday, July 12th, 2007

Last week we were looking around our community and saw quite a number of houses for sale. Most of our neighbors have either relocated to another state with some of them went as far as going overseas. Land prices has really declined making it hard to sell your house on your terms right now. We have talked to many of the homeowners and most are dis satisfied with their piece of investment. It seems that they bought it and the price depreciated a lot. So we went ahead and see whats going on and viewed some of the properties for sale and we were surprised that they are selling it for less than the amount of what they purchased making it a total loss. I understand that there are many expenses incurred but it seems that one must be ready before jumping to a purchase since no one knows exactly how every business goes up and down from time to time. It is the same concept though that each must be ready for that rainy season ahead. Anticipation alone is not the brightest of the brightest idea. A very well executed plan at the same time some financial savings could be the best especially during these time of land depreciation you can hold on till the prices gets to a more favorable one.

A look around the neighborhood most of the eye catching property that sold quickly are the mobile homes. Especially fitted for small families and low budget, these are the most bought properties right now since savings is imminent. We looked for a couple mobile homes and we were impressed on their value and at the same time the interiors and land location. The community tenants are so friendly and amenities are of quality. I think this would be the proper investment right now for small families and small budgeted individuals. We are looking also to purchase one and might decide to rent our home. We like it a lot.